-TWT " v; -'-v-lyBvJT-r H -w 'sjbv1- fyyp.RW'v1 'i'!tw,)up t"""1""1-"''1 i '. w i ". "u EVEttlttG CTTDQBlt-THI13ADBEPHTA MDISTPAX SEPRIE 17, 1910. WJ - r6 t ?y 'L gr. ..':.' :... .. . ' ' - -" FINANCIAL NEWS ix 1I0ST a6tive issues sustain SUBSTANTIAL LOSSES DURING DAY Outride Buying on Small Scale Bethlehem Steel Breaks 44 Points Stories of Rejections on War Orders Usdd to Depress Prices High Points in Today's Financial News Philadelphia bank statement showed increase of (4,563,000 in loans, tortile surplus fell $3,S3i,000. Returns of Philadelphia trust companies and Slate banks to Commissioner of Banking as of, March 30 show heavy increase of deposits over April 5, 1915. Further advance in the price of bar silver in pew York and London, Philadelphia and Western Railway earning statement for March and IS months goodt Tonopah Mining earnings smaller for the last fiscal year ending February 29, Iioardtof Directofe of United States Steel Corporation reduced from IS members to 15. N15W YORK, April 17. The most Important feature of the stock market In today's trading was the further pronounced restriction In outside buying. The demand for stocks was to a grcnt extent limited to Investment buyers and to that class of speculators that Is cosily able to pay for any stocks acquired In full for cash and take them out of the Slreet. These buyers wo'como declines and where the market de pends on them for absorption lower prices must naturally result. With nearly Tall the professional speculative clement committed to the bear sldo and with offerings of stocks' for short account comlnrj from many sources, substantial losses were naturally sustained In tho most actlvo Issues. Bethlehem Steel showed tho menaco of marpln trading In that stock by breaking 44 points on a few sales. There wero stories of rejections on war-order contracts which wero used with somo effect when concentrated selling appeared on Baldwin Locomotive and other war-order stocks, but as far ns could be learned there was in linsl3 for these stories. The argument that was used with most effect was that known limitations to the demand for munitions by the Allies loft tho war-Qrder Issues without, strength. Those who circulated statements of rejections socm to forget that proflts already realized by somo of tho companies aro greater than tho market value of their capitalization. The position was again taken by somo Interests that tho market Is waiting lor n diplomatic rupture with Germany to occur, and as soon ns that happens that tho buying which has been long absent from tho Street will quickly reappear and another bull movement can then be looked for. New York Bond Sales H)(rh. S1000 Adams Expre 4a. 844 1000 Albany A Bus 8Ws. 84 4000 Amer Ar deb Cs.it 97H bat 000 Anglo-French 5s.... 05 3100 Amer Rmlt See 4.,lt0 low Amer Tol clt 4s... i. 02H mioo Amer Writ rap Bs.. 7S 30000 Armour 'o 4,4s.i.. 01U 7000 Atchison sen 4s,.,.... 01 luoufl Atehlson AM 4'iirj, 7tt RlfflO Atchison .cv s 1017, 07 4000 Atlanta nirm 4s.. SM 0000 Halt & Ohio 4s.,... Ilj liriOO do rv. 4'i".. ..t.. "Oft 2000 !10 V Ji KW V 4a Sflji 1000 Halt A O.Swn 3',4s.. 1)0 50(10 llaldwln Loco fin.... 10.1 r.ooo lleth steel 1st (is. ...Jul notion do rfd fls.,.. JOIW linooo Halt A Ohio Bs.. ....looji 7000 lirook ltar.Jr fin..Mri SiiitO do Bs 11118....... .101, Ttino nrook Un Oas 1st Bs 10rt4 aooo Hush Term lildg Bs, 87 aoiiU 'al Has A l:iec Bs., nn'i 400(10 Can Oov r.s 1U2H w I nsji 400(10 do Bs 1031 w.l... 00 12000 do Bs 1021 w I.... II0J4 atl(J t-cm licamer ibi ua.iwi--. . ... ii.ii .'An. .'nfiiir? .. ah. . . n.i'M 20110 do 1st 4s.... .110 1000 Cent II II N J OS.. v"tf m ::ii7 7000 Chill Correr 7s..,.. 1.1.1 B00O CM A Ohio cv 'Hfi 2000 do 4HS 1000 do r,s ......... 1000 Chi Ot West 4s . 10000 Chi A Nwn 3Hs . 2000 C 11 A Q Joint 4s. 7000 do pen 4s 1.000 do III 4s 400O 0 M A ft P 4s.. 1(1000 do dlv 4s inno do cv Bs IJ00O do cv 4',4 2000 do rfd AM b .... r.ono Chlcaco Itwy Bs . WH10 C 81 Ii t-N O Bs 8000 Cons tins cv ot. lH nl h. lo.i . 72i . 81 . krS M . 11BU ""? . 02V .10(14 .100 .0744 .KIM .122, iooj4 ioflj4 08. I18K nt4 084 )H4 II0I4 KlljJ lolj. B'.lK W4 1)0(4 Pp4 182 Mil., 83'4 8!l "ft ."!? 724 1:4 84 I1.1 03 4 H2 4 02ti 10(l4 100 8.8 108 122 81J4 0.14 onU II24 M.. lonH 100, 0.14 i;tt 10S Tl 1 1000 t'otnn I. A II ds.... N2i 82 82TJ 0500 Del & Hud conv 4s..loil?4 100 12U7 8000 Den A II CI 4s 4000 do rid os 7 07000 Ills Ssctir Corp Bs. 2000 DulUth A 8 S Bs.. tiooo Erie uen 4s . 2000 do col Is . . 4000 do prior 'O 2O000 do rv 4s Str v anno rion nipo iIaIi . 2000 Hud A Man rfd Rood Hock Vnl 414 s . .1(100 III Steel deb.'Us 1 0011 1000 noon ltnio 20000 78W 01 . 7.1?4 . 084 '., . Wltl . M i 8:i. .ins, . 71! U . tl.-.'l 111 Vt NEW YORK STOCK SALES Net Ulah. Low. tjist. change Adams Express -113 143 143 Alaska J Cold M 9H OH OH Alaska Gold Minos 20f 20 3) H Allls-Chalmera MfK 27K 20V 27 Vi Allls-Chal Mfe pf 70 7BJ. 70 Am Ae Chem pf 07 1)7 07 U Am Bwt Sugar 09 07lf 07 1 Am Beet Sugar pf 03M 031. 03H H Am Can 60H 67K 58K - Ji Am Car & Fdy 60H 04JJ CflW -U. Am Coal Products.... ".153J4 140 151 -2 Am Cotton Oil 62 52 52 - ) Am Hldo & Leather.... 0J Mi 0J ' Am Hide & L pf 51 50! SOW - H Am Ice Securities 27 20U 27 H Am Linseed ,.... 2Uf 23 24 - M Am Linseed pf 49H 47)4 40U H Am Locomotive 7351 70$ 72 . Am Locomotive pf..... 102 10M 102 ii AmMaltCorpn 8 8 8 -Hi Am Smelt & Kef 09H 07 08M W Am Smelt Altef pf.... 113 113 113 H Am Steel Foundries.... 50 4054 40J4 M Am Suear Hef 109 10SH 10SM -2H Am Tel iTel 12S)f 12S 128). H Am Tobacco 105 104.J. 101H AmTobpfnew 100 100 100 Am Woolen 48K 40!' tUJf - 'I Am Woolen pf 07Ji 07J4 07J4 H Am Wiitlns P pf 10 IS 19 H Am Zinc L & Sm 05 01 U35i" M Anaconda Cop M 85M 8414 SoH H Assets Realliatlon 4)4 4!4" 4H Associated Oil COM CO GO Attn Top AS F 1025, 102JS 102Ji - !f Atch Top & S F pf....lOl 100i 1005. H Atl Coast Line 109 109 100 . Bald Loco Works 10254 OOJI 08 -3J4 Bait & Ohio ... 85; 8514 8j)i H Bait A Ohio pf 70J4" 70H 76J. .. Batopllas Mlnlns 2!i 2 2H . Bethlehem Steel 459 124 458j 10 Bethlehem Steel pf. ...135 134 134 1 Brooklyn Hap Tr S5Ji &5f 85W - ii Burns Bros 80 80 80 H Butto & Superior 04K 02 03U W Cal Petroleum 22H 22U 22W Jf Cal Petroleum pf 495S 49J4 40M M Canadian PaclTIc 167H 107 107!f H CaseJITrMpf 88 88 88 Central Leather Kii 52 Saif-fH Chandler Motor 045i 91 4H H ChesftObio 01H OOH Gl Chile Copper 22M 22W 2214" Chlno Copper 64H 634 S3Jj Chlcajo Qt West, 12)f 12W 12U Chlcaeo Gt West pf... 34J4 3i 34H H Chlltil 4StP 03M 02JI 93M ii Chi llll A St P pf 129 129 129 Chi A Northwestern. . .125 125 125 2 ChlRI&Pac :... 17K 103 i' 17 M Col Fuel A Iron 43W AW 42U ( Col A Southern 2fltf 25H 25H H Continental Can 83 81H 82 1 Continental Ins 58 58 58 3 Consolidated Gas 133Jf 132Jf 132' - ii Com Products Kef 20 19" 10 Com Prod Hef pf 93!f 03U 03Jf ii Cruclblo Steel 89H S5 87H -1M Crucible Steel pf 114)4 HIM 114)4 -2 Cuban-Am Sror 210 210 210 -11 Den A Bio Ot pf 20 20 20 Detroit Edison 132)4 132)4 132W M Detroit United Kjs.... 98J4 08M 08)4 l?f Distil Sec Corpn 47 45)4 48)f Dome Wines 25 25 25 H Erla 35)4 344 35K H Erte lstpf. 50)f, SOH bOM H Erie 2d pf. , 42! 42X 42,'X H Ted Mln A Sm 18 18 18 114 TedMlnASmpf 40)4' 40 10 Ji Gen Chemical... 329 320 329 -1 Oeneral Electric 167U 166)5 VXH 2 General Motors ,435 430 430 5 General Motors pf 116!f 116 110 H OoodrlchBF 78W 75)4" 77 U Goodrich B F Pf 115)4 115 115 H Uteene-Cananea 48U 47 47K 1 Great Northern pf..... 120 110)4 110)4 G N cfs for ore prop. . . 424 4U4 4 1H Ji Gufseabelm Eipln .... 21H 20H 21H ii Illinois Cent., 100)f 09U 99W -l)f Int Arlcultural........ 18J4 18i 18JJ ii Int Atrtcultural pf 68 68 58 J. IntHarrNJ... 110)f HOJf U0)f-i Int Coo Corp pf 73 73 73 Int Paper .-. 11M U 11 - it IntPaperpf ,48)4 47)4 47)4-1 Insp Con Cop 46 45)4 45Ji )J Int MMeoI dp...,.s 21)4 20J4 20M - M IntM Mpf eof dp... 73Jf 71J4 73)f ii lat Nfcket T t cfs...... 40)f 47JX 48 )4 JeweJTea SOH SDH 89H H Kan City Southern.... 25 Siii 24)f Jf Kellr Spring Tire 73H 73 73 H Kannecott Copper 56)4 65U 55)4 - )f lack Steel Co 75 73H 73H -IH Lee Ilubber Tin 63J4 51)1 62J4 - Jf XeWsh Yaltey 77) j 76H 70)4. - ( MackJTCospf ,68 68 6R Waiwell Motors.. ..... 75 71 74J4 2H The Ocean Golf CI The Island Golf By the Sea (II IIOLES) Completion Unusual opportunity- for City .- rcduiW GuaraiMd ViSKxtt .1 m.aa lAmr ii.m- klwuuul item bfWM ttr. woo retetvn wwr n Prntul id tjmiga KSSSl. w for lUuatroted Bwklt and dtiaU call ex fidca HVKaS-vuuvHuiuirnuiii. tu. Itotk icbaf iliac, 1-tilU. WMSTED 4 MmrUaoU lml salcuiaq, who M JuifMa 4fc Mr (4 tuu mA !- tl to MUbUbed ftiwll fjctutactf U(i, tU ixgazt, M 4J ir- rjcBait. X U. H Net Hlch. Lonr. Last, change. . S5 Sl) 85 )f . 50)4 54)4 SOH 1). .100)4 lOl'f 101 1J4 . 38 37J4 33 3!f 354 35J 10)4 4 4)f 7CH J no 23)4 05Jf 17!f 10H 4 4Jf 77)4 23)4 a-.)f - v, !4 - J4 - ii !( -1 17H H 135 -2 01 H - H 102!. 33 7ii 33H 50)i 4 37 23)4 83 49)f 11J.' 3. -3 34 H H -lit 1 - H Max Motors 1st pf.. Max Motors d pf. .. Moxlcan Pclroleum.. Miami Copper Mo Kan A Texas.... Mo Kan AT pf Missouri Pacific Mo Pac tr cfs Montana Power National Biscuit Naf Enam A S Co... National Lead Co.... Nov Coi) Cop New York Air Uralo. N V N II A 11...... NYC AH II N Y Chi A St L N Y 0 A West Norfolk A Western... North American Northern Pacific Ontario Silver Mln.., Pacific Tel A Tel.... Pennsylvania It K... Peoples Gas Chi 102)4 i-miaueipnia co 41Ji Pitts Coal N J pf km PrcAscd Steel Car Co.. COH Pub S Corp N J us Quicksilver. a.'i Qulcksilvervpf 4 Ily Steel Sp Co 37X Ily Con Copper 23)4 Headlns 83)4 Hepubllc Iron A S 49J4 Seaboard Air Line 4Jf SeaI)oard"A L pf a5J4 ra-'dis jtoo at 1.0 170)4 ohat Ariz Cop mi( Sloss-Shef S A I fi2)4 ooumcrn racinc OBH South P R Sub PL....110 Southern Hy 20 btandard Mllllnc Df.... SrtU Studebaker Co 133) j 130 lenn copper 51 40a TmmCo 100)4 188 Under Typowr 90 00 Union llae A Paper.... 0 A Union Bas A P pf 31 31 United Clear Stores not.' v Union Pacific 132)4 KUH 131'f Union Pacific pf 82J4 82H 82J4 ,, l Aconol 150 140 151H -3)4 United Fruit. ... ........ 147J4 145 147)4 Un Rj-s Inv Co pf 2S)4 28)4 28H ) u t j 4 ivoi r uuji 20,'J 20)1 US Rubber 53 50)4 5-" U S Hubbor 1st pf.... 108)4 10S 103 US Steel Corpn 84 8254 83 H f lteel c,orpJ Pf-H7)f 117)4 117H U S Sm R A il 74)f 7114 7 uuuMpiier Hijf Va Iron Coal A 0 60 Wabash jjj Wabash pf A 4j)f Wabash pf B 20)4 West E A M , 62H western Maryland Uf West Union Tel 00)j nuiys uvenana 229 . 1054 . 4)4 . 4)4 . 77)4 .122 . 23)4 . G55f . 18 .137)4 131 . 02 01)4 .10354 102)4 . 33 33 . 27)4 27!f .121)4 1201f 120!f .60 00 GO .lll)f 111 111H it OH SH 8)4 - H 3.')H 3;i)4 50)4' 50J4 - ii 10154 lUJJi 41)4 41)4 I0U4 101)4 40)4 49! 117if 118 2)4 254 3H 37 23)4 82! 4 48)4 14)4 35)4 35)4 - H 170)4 170)4 3254 33 2)4 00)4 110 10X 86)4 52H - H 00)4 110 10?f - ii 80)4 -1 139 Jf 49!f - ii 188 -iy, 00 0 -ii 31 H 02 Jf )i - W -X - ii 80 50 IDS 43)4' 20)4 00)4 29)4 80J? "n Woolwortb F W 126,'i 120 Total tales, 60?. 000 shares. 431,704 sbarea last Monday. 80)4 - !4 50 11)4 .. 43)4' - Hj -'01 i 02 - J4 20)f - H ' 8954 - ii 225)4 -234 V20 -H Condition of TJ. S. Treasury WASHINGTON, April 17. The condi f 1 of the United States Treasury, ac cording' to a statement Issued today, was as follows: Net balance In general und, $122,428,114; total receipts. J28,232,740; Jotal disbursements, 136,909,239; deficit for the year, 156,713,366, exclusive of Panama Canal and public debt trans actions. mllnnn Imun f1 antral rat da T.O nierii .iiei ... (; nterb H T ret 5s... 01i? ntpp M-r M ct 4'4s H7S4 7000 inter Stm l'ump Bs.. 74 IRdil .run n-w ( H 44s.. 8H 110(10 Knn City Po B..... pj'1 4000 Knn Cltv Tor 1st 4s FS'i 10(10 I.acka Hlecl Bs IO.1O IM aooo Lie ismtj !- looo l.orlllnrd 7... '-T,, 7000 liouls & Nnsli 4s.....lUl4 looo Ilex Tet Co s(l .?., looo Mcx 1'et Co Os eSr C.U IH 11000 Minn A St I. Is.... JM. 1MO0 .Minn B p S H At 4s. na' nooo Minn at T. r.s 11102.. 01 JOOO JIo Kan & T 1st 4s 72'i 7000 do rfd 4s Til'Ji 1000 Mo Pac Bs W20... hh4 1000 ln rnns Os 100'- r.oiio Nat Tulio fis... ...lnlM mon m v t & lr nUn.. H2'5 220011 00 (is 2000 rln 4n Jfltlfl Hn .lUn 10110 N Y City 3WB 111.14 11., 2000 N Y (' 4s retr llMltl. H'1'4 1000 rlo 4s 10.1H 100 B3IHHI rto 4a mSII 100 nooo 1I0 IWs 10(10 ...,WM looo do 4'jn 1 nil 1 .... t -J Tj looo do 4',4s linn 107U 4000 N Y fins 11 ft P 4s HI J. 2000 N Y N II & It lis.. litis unii m v ii..... nil! r. , ri." aooo N Y Tel ecu 4'4a 2(100 Nor Pac prior Is. . .1000 Nor Pac Ben 3s . . . 1000 Oro Short Lino Bs nooo Taclnc Tel Bs 100(10 Penna Is 10 IN. .. 2000 I'enna ucii ct IHs B.iono Penna en t'4 h 2000 Pmna 14 s 11121.. 11000 Public Hcrv N J Bs. 7SV4 7.T.4 ii.t5 ",. Wili RS Ml. 111.1. , 7.1 U 111 i Ilti-J 84 ni 7iT.4 n.iH 7B R01 8'5 SB4 1111 7HU nil. til4 A'Si .'..iSsK 3 lii-i' r.o 7:1 Ji 07. H.I ti l2., HSU 0.1 12.1 5fii4 11.4 M 72'. B2. r.o oilji 1(7 -Si 71.. si j; HH'i aST im1. Bl 724 HH4 HH'i 1004 1004 101J. unfs 1124 na't 24 !!!!.... 1144 nt'i ni'I .w7' . . n2; . . mi's . .to-. ..100 . . oo1. ..102 ..111.14 . . 102 112 1114 tun. 7.14 H.14 flS'.i 7,J'i 20(10 Itendlne Ken 4s. 13000 Hep I & S .Bs 1000 Hlo Or & W clt 4s. . 2000 Itock Inland 4s .10(10 Uncle Island rfd 4s.. 1400O HII.AHP rfd ct sta 4s 7: 00OO St I. Swn 1st 4s... 78 4000 South Hell Bs 101 10000 South I'ao cv 4s... S7Ti 1000 do cv Bs 101 12000 do rfd Is noJ 11000 South Itwy con Is. . 704 1000 South Itwy ton ri..lnlt 11000 Texas & Tap 1st Bs !I7 BOOO Texas Co cv Us 101 00OC Third Ao ndj Bs... Ml'.i 10(10 Toklo Bs 7H 1.1000 It H Rubber s lo.l 4.1.100 U S Steel at Bs. . .UH4 4.100 II K Steel rcn sf TTs.lOl'., 371100 V S Govern 3s C...102 .1000 Union I'ao 1st 4s.. 07., r.ooo Union l'ac cv 4s... Ii34 4000 Union I'ao rr 4s... 004 6000 Va Itwy Bs UHV-i 1000 IVeBt Mil 1st 4s 74. BOOO West Union 44... 0B4 0000 West Union 5s ...100 71 no' 100. Oil's I02S 1024 1074 HI4 Ill's r.7, IIH4 IIBi 107 loo'i no". 102., 1112 til4 tn no 7B4 H.i 4 lis 72'.i 7H 101 H77i 1114 no'.s '". nil's 117 10.1 Wl'l 78 1024 1014 1014 101"4 117 03 no4 nflS 100 71 llll". Hill llll) 1024 ll'-'Jfc lnTl' HI'. Ill's .17. IIH4 1I2 OH 107 loo'i V9 10J 10B4 102 1)2 1111, no 7.14 H.14 lis', 724 78 101 H74 101 1104 704 1014 07 10.1 804 78 103 1014 1014 101 4i 1)7 034 1104 0Ki 71 11.14 100 WHEAT PRICES HIT BY CONTROVERSIES Export Weakness at Liverpool and Good Weather Also Aid Heavy Closing OtlAIN HF.r.T WEATHER TonnCAST CIUOAOO. .. April . 17. The ' weather enst for ine n nours ioiiowbi lino). Pair lonlxhtt, Taesdar. Inerens- ' t 'for (he. SO hours murh ehnnire .In.lemperntnre ntlv shoners Tne.dar and, west tonleht, forr; Inr cloudiness, beenmlnr nnetlled nlehtl not ri- 11 l..nn.lnL.I. ,nnl.hl nn .T ."! ...-.j.. . .,.. ........... . r."'. : nrnlinhlr heromlne unsettled west 4iies- Ml.sonrl Inrreaslne rlondlnessi. pron- l.fon.ln Fair tonlrht nnd TnesdaTI .(.. .. ....,. .I.mu.a Im I.MI.W.IIIM. Allnnesotn Vnfr Ionian!, warmer weal) Tne.ilar,. unsettled, probablr showers -niith nnit we.t, ... . Iowa Inlr rnsti probnlilr, showers ana wormer,est nnd central tonlahtt Tuesday. North' Ilakotn. South . Ilakota and Nihra.kn Vnsettled tonlsht nnd Tues ilar. nrobnhl.r showers, tonlant. -... itnn.ns (tnsellleit tonialit nml Toes dnri prnbablr showers easti not mtien chnnRe In temperntnra. CHICAOO, April 17. International complications, n slow demand for export, weakness In Liverpool nnd further rains where needed In tho wheat holt, wero tho factors which finally had a depressing effect on wheat here today, nnd the mar ket, after dlsplaylnc; firmness, following n drop nt tho outset, closed heavy. Whllo thero were moro favorable crop ndvlccs, tho news In tho main was bet ter. Soedlnc; was reported to bo pro gressing rapidly In tho Northwest, whero tho season Is late. Warmer weather, how ever, was Indlcntcd for that section. A report Issued by tho Atchison, Topeka nnd Santa Fe nallwny Company said that It would bo no exaggeration to nn nounco that tho crop In nil the territory traversed by Its lines was In superb con dition. The Chicago, Burlington and Qulncy Jlnllroad Company said that the avcrngo condition of tho plant In Nebraska was 95 per cent. Comment was made hero on tho largo world's stocks, 357,000,000 bushels, against 204,000,000 bushels Inst year. Advices from Liverpool paid that sta tistically there was not tho slightest justi fication at tho moment for nny Important ndvanco In wheat. Of course, the freight situation nnd shipping difficulties nro still In evidence. Conlldonco on tho bull sldo has been lessened somewhat by the moro propitious weather conditions anfi tho re lations of tho United Stntes with Ger many. Leading futures ransed as lollomi CtrtL ,'.J a Wheat Open. Hlch. May 1.1B4 1.104 July I:... 1.11$ J-jfli Kept 1.111 1.124 Corn mew anivcryi ; I.nf. Pin,., close. 1.134 tl. 144 1.1BH l.laSll.lSJ, 1.14 1.104 l.llMl.124 rr.1'. 704 70S Totnl sales. $1,800,000, compnred llh 3, S0B.0O0 lant .llnnilaj. INCREASE IN LOCAL LOANS Expansion of $4,502,000 Surplus Falls in Week. The outstanding featuro In the Philadel phia bank statement for tho week pre ceding today was an Increase of $1,562,000 In loans. This caused a falling off In the Rtirpltt'i Item of $3,83 1.OOO: Details fol low: Ixiana Dppts find) .... Circulation . . . . Due from banks Dep of banks . . nx Clear II Ileserve held . . . Ilea read Surplus Decrease. Hurnlus undr 118.211.000: April 21 IB. 1912. 111.013,000 230. Am ,B04, 8(11, 000 4411. H7.1.III HI 0.034,000 78,072.000 1R4. 322,000 23,1157.000 121.121.000 78.3H4.O0O 42.740,000 Increass prey. wk. 4.rn2.noo b.rso.ooo 14.000 B.4.17.000 2.28H.000 1.137.O0O 3.B07.000 237,000 3.834.000 old form. April 20. 1014, 1013, J7.2I1.000: April April II). 1011. 10.401,- mmm rmmmm u i. compared with '""(Av! " 'il PEERLESS TRUCK ; TheAtIanta & Charlotte I and motor corp. I Air4neI)Co. i e conv. notes I '""HlVS"11 I REED A. MORGAN & CO. M ,., K 11 .. i WKST KM) TKUKT III.1M1., I'HILA. :g ' rleo on Applleatlon. jerobera of the I'hlla. Stock Kthan TOfS!l &lffi -IlI'jQjoVrrllii CrrtlHetTT'uhllo Affountnnts liliW'XiMjayaajCfclUMiriMil3 WWRENCE RrflKItOWN CO. 1 . - j 44T. 43 40 May .lulv .... aept Oits May .... .lulv Sept i,nrd May 11.72 July 11.00 Sept. ... tl2.03 lllbs May 12.33 July 12.r,0 Hrpt 12.113 Pork May ....23.10 July 22.02 Hid. lAsked. m 7 isa 40',5 7r.'i, 70U 7SK 7(1 y 70S 70t4 444 42'4 S0i 4r.'4 424 SOH 73 17(1 70 4fi'4 4.1 t40 11.75 11.00 12.03 12.10 12.r.5 12,03 23.00 23.03 11.07 111.71 11.83 tll.W 12.03 ti2.o: 70 11.72 Til no 12.10 !.32 '12.37 :..',() ti2.r,.i Mir, '12.07 12.32 1 12.50 tl 12.02 1 23.00 23.00 123.07 22.02 123.00 23.00 NEW YORK BUTTER AND EGGS NBW YORK. April 17. IIUTTKK Fairly steady, rluo to llcht supply for tho dav. llo eelpts. 4381 packiices. Hxtra rreamery. .I'4(i hlKhor seorlriB. ST0.17Uc; Stats dairy, 8.114 30o. : Imitation creamery. SP Crane. I:qc.S Tono cenerally stoody. llerelpts, 31,308 rases. Uxtra rirsts, 23U M2lc: .Tsts, 20V4 22e. :' white cbks. 24V4 23c.: hrnwn pbks. 23'4fll2lr.i mixed color, i'223c.i rcfrlBcrntor best. 22'j W23e. DIVIDENDS DECLARED Tho Philadelphia Trust Company. at record April 20. nuarterlv (1 per cent., payahlo -May 1 reRiilar lo stock R A X 4LF A Aco. PUBLIC SERVICE SECURITIES "The dependence of municipalities on Public Service Corporations is the strength of thcr securities." Q TJfc recommend for your con sideration trie cumulative preferred stock of a highly successful Public Service Co. serving one of the fore most cities of the South. I Dividends liave teen jaid on the preferred -without lapse since issuance and on the common since 1912, thus showing a very healthy condition. I The franchises are equitable, the management progressive but conser vative. 3 At present the yield is 6.86. Q Fullest investigation requested. B akerr Aylirg & Co. Land Title Bldg. Philadelphia. Pennsylvania Railroad Company and Its System r i - s aldejidlthe Pennsylvania . x "Every stockholder and bondi Railroatand underlying Cqrtjjanies should make an effort fa obtainjfa special circular letter just issued by Edward B. Smith Jbf Co., giving a comprehensive .and interesting; jview of the annual report of that company." r The Evening Telegraph. We shall be glad to furnish copies upon request. Correspondence invited on any investment subject. , GerafctRD -B 9mm &G& A SANKERS ESTABUSHEH 1892 Members New York and Philadelphia Stocky Exchanges -BROAD AND CHESTNUT STREETS, PHILADELPHIA BRANCR OFFICES Al-LETOWN, PA. I BASTONrPA. NEW I.ONDON, CON. - I ". Sates in Philadelphia 100 AU-Clialm 33 Am Oas .....ItO 4 Am Hwrs ... 34U 40 Am Unseed vt ASM 10 Am Loc pref-lOft S3 Bald txia ...tot o nun ft fl I c. 48 120 J a llrlll .. SO Cam Steel ,. 130 Elec Slor. .. . 100 Kenno Cop... 2S Wc Sup Corp, KBT Lehlth Nav Hlch. Vow. TH 21H an 8ti 01 B3H 10H lOli 43U , Ih Vol 88 I. Val Tf Df. 20 Maxnell Mot.-54H a ivorin E'snna. u. Penna 07 7110 ion Ta 10 Ph Bait. Xtts llll II Pa Steel pti nn Cn .... 4'J Elee .. ZS. T lr ell's IJi la 'Lrao... i' ons Phlli aoo P It in phii 100 Iteadlne B2.H 070 ion nei ' 8 Un Trac .... 43 U O 1 8H. 2720 V B Elteel ,. .. 3!s ISO do pret ..1.117 loo Utah Ce ... 80H 4(1 West Coal ... r,n lir. W Cramp & 8 S4J4 no York Ily .... 12'i 2.1 do pret .... 30'i 120 S4U 4flH 101H DOTi 48 S8H 81 K OOH cb'i 10 TB't tm 4.1 74i 04 noTi lot ns 42 27 : 17 '.4 TO., 82'4 4H 1". 80Vs no, 3 12 Close. 27'.4 120 av.i 481.4 101 0H 48 MM, VA flti Met chite. 1H 1 X -2H 304 flOtt BSH 10 7814 70V4 43 74 01 inl nH 42 7(1 B2W 44 43 88 83 ". 80H lit! 4 2H l-Po H Totjil sales. 7010 shares, 0033 shares last Monitor. 1JONI1S. .ii R1 H compared with 7H. Close. "3 8S. IIIll I3B0O Am O & n Bs. 031 jno j;i i" -rr 4a.t", 711(10 3(100 12000 Annn ..nn .... r, li (fll f 1000 t'a Co Con Bs PJi 031 nS! 1000 fhl a Eleo 4s. 81J4 83 H .8SJS 100 do Bs .....KllJ. 1"3 I"? Ji 3(100 llcad iron 4s. DIM HW Ol'j 8000 Stan QAE Os.102.'4 102 H 102 'i Net crme. i Harw El Bs. 102'4 102'4 10iH ..... Inter llwys 4s I1TH B7 07 Jf I. N ens 4!4s 102U 102 102 I,ch V sen 4b 91. .n2n 024 H 102 Total sates, $38,7(10, 700 last Monday. compared nltli $100,' Local Bid and Asked Baldwin do pref tlrlll, J a Hurt & Stisq t c . do prof Electric StoraRs (lenarnl Asphalt .. do pret Keystono Tel do t c do pref T,akA Sun Corp.... l.ehlch Nur. lehlRti Valley Ionian Valley Tr.. do pret Penna Phlla Hleo I'hlla Co do r, per cent pref io (1 per cent pret I' it i c c Headlns Tonopah Tlelmont Tonopah Mining .. Union Traction ... United Oas lmprov U S Rteel YorK llwr do pref Wm Crnmp t c. . .. Todiy Bid. Asked. US .108 . 38 :&! . 31 '. .3.4 . 10 . 7.1 r,'i a7i. 41'4 'IK no inn 42 48 (10 nitt 33 71W 14 14 70JS in. 70 77 i 43 07 28 42 sn Saturday nid. Asked, lOl'd luz IOS',4 110 34 71 .. 4214 , 4314 .. 1TS1 17 ..83 83U .. 4i 4t u 82W 3 8-iii - v. (IS 43 88 83 Ii IB 3IU4 84 in "a 2114 42'? r.iij 27i 42 38 4214 1TH 3.. ft s& ,s., 83 lnnW l!s 8r'. , 71V4 14 70 'OH 22!. 43 B7 28 43 311 43 17. 4o'l' R8 83 i 1314 3(1 '.5 84 Pennsylvania Gasoline PRODUCERS OF NATURAL GAS AND MANUFACTURERS.OF HIGH-GRADE GASOLINE t'lipltnl Stock J.rjo00,000 I'ur Valuj ofJiliarcs 11.00 The naturtfSf thi Company's business, tlic.continaaiy increasing prices of ttdrwodiatfanil the im portant develohmenrs of the past few da?Wust)fy immediate consid eration ortTic possibilities of its shares. Descriptive Circular on Requeil L. T. LAYTON & CO. Mcmbe-s of Fhlla, Stock Exchansa Iteul Estate Trust tilde. Philadelphia, Pa. INVEST IN MORTGAGES AT. 5. &o R?torqVrien3od by BEN Tr-jWELCH 1328 ?J)Citnut Sl. FINANCIAL BRIEFS Tho New Tork Subtreaimrx rained $908,000 from the banks on Saturday, mnklnRT a cash net gain since Friday of 11,837,000. A Bpcelftl meeting- of the ntockholders of tho Standard Oil Company of Ohio has been called for May 25 to Increase the capital stock from $3, BOO, 000 to 7,000,000, The Increase -will bo distrib uted to stockholders as a 100 per cent dividend. The National Bank of Cuba ban shipped to Havana from New Tork $1,000,000 In the now Cuban coinage. The Bank of England has released 75, 000 sterling In sovereign for Kgypt The Vlctorlal Olf Company today nn nounced the purchase of the GUYord Oil Company, located it Harrison County, West Virginia. A new world's record Irr the production ncSounoES Tjonns and Invest- ..." menla $23,111,419.97 Due from Banks.. 4,888,034.40 Exchanges for ........ Clearing House. 301,684.08 Cash and Keservo 8,638,953.24 of merchant bar Bteel was established al the Duquesna Gteel Works In March,, H waa announced today, A No. 810-Inch mill produced 20,600 tons during; tho month. , Charles C, Walbrldge, of the firm ot Newhatl, Churchman ft Co., has been elected a member of Ihe New Tork Stock Exchange, G reran earnings ot the United Light and Railways Company subsidiaries for tha year ending December 31, 1916, wcr $6,308,777. nn Increase of $141,818 over the precedlnc year. Net earnings wera $2,481,614, an Increase of $112,089. The totnl Income" for the United Light nnd Ilnllwaya Company was $1,626,192, nn In crease of $118,360. Commercial coal shipments from mines on tho Norfolk nnd Western Railway and other roads In tho Norfolk nnd Western territory during March totaled 2,717,607 tons. e I.IAlllMTir.S Capital .....$1,600,000.00 Surplus nnd Undi vided ProIUiJ.... 1,621,101,73 Unenrned Discount 42,280.24 Circulation 1,000,000.00 Deposits 33,476,669.76 $37,640,041.73 LOANS and INVESTMENTS t h j $23,211,419.97 u I I we . . . liisfl JtSm includes $37,640,041.73 Tl depositors and bourjht irom note brokers bonda and other notes discounted orrcspondents ; for our commercial paper concern direct loans to business securities owned, ln- . . ... v.. .f ovcrnment bonds and stock in the Phila delphia Federal Reserve Bank; also our modern Banking House at 315 Chestnut Street. All securities purchased at a premium have been charged down to par. Next week wc shall tell you about our Cash and Reserve. :ludi safiBly The First National bank OF .PiHIADEXPJIIA 315 Chestnut St. CUSIIMAN NEWnALL. W. MORGAN CHURCHMAN JOHN T. HOLLINOSWOItTH CHARLES C. WALBIUDGn We Beg to Announce That Mr. Charles C. Walbridge Of Our Firm. Has Been Elected Member of York Stock Exchange D ThbNew v WHAliL, CHURCrfMAN & CO. Members New York and Philadelphia mocK exchanges 115 BROADWAT STOCK EXCHANOE BLDG. NEW TORK C1TT THILADELrniA. $2,000,000 Northern States Jower Company CDelawarels, 1 GumulaiivePreMrred Stock rred bal Pre RMetmitile at tbt option of tin Corapinr terl, Jtnuirr, April, Jul, and October Par Vatii4l60 sth as to assets and dividends Registrars and Transfer Agents Preferred $10,6! p.000 y mmjsxij GSJ.V loin, j no ri Ey Trust nirUtcdt r7tla qoir nrer with -' Commo. Continental Guaran notlc it 110 and teemed dlTidend. trerrnl Htocic bn tqati Totlog power witn mmercial Trust & Savings Bank, Chicago and , Company of New York. Capital Stock Outstanding Common $5,975,009 Property The Northenv States Power Company through its subsidiaries owns all the propet ties formerly comprising the Northern States Power Company system. The system renders electric light and power, gas, steam heating and other Public Utility service. All properties are well constructed and in excellent operating condition. - ' v Territory 'Served y is showing remarkable increase in population and offers almost unlimited opportunities for development of electric light and power business. The properties of the system serve approximately 100 municipalities covering five States, Minnesota, North Dakota. South Dakota, Wisconsin and Illinois, " Earnings fhe net income of the system for the year ended December 31, 1915, after deducting operating expenses, ordinary maintenance and interest charges was equivalent to niore than 2yi times the annual dividend on the preferred stock then outstanding. During the past five years gross earnings increased $2,410,756 or 89 and net earnings increased $1,577,339 or 1223. Dividends on the preferred stock have been paid regularly since the organization of the Company. - Franchises Our counsel have passed on all the franchises of the Company and in their opinion the ' same are satisfactory ' Price 97& M William P. LMriglil & Co., Ine, Pk!W!k!i New Ycrk p. M. Byllesfcy & Co., inc. Hew Ywk . SittHeer, Trask & Co. New Ywk :J mt&g&iWam&iBfrmmmmA -iaBifc
Significant historical Pennsylvania newspapers